Mar 30, 2012. /Lesprom Network/. Sino-Forest Corporation announced that a sale solicitation process (the "Sale Process") has been initiated with respect to the assets and operations of the Company and its subsidiaries. Houlihan Lokey, financial advisor to Sino-Forest has commenced solicitation of interest from prospective strategic or financial parties interested in participating in the Sale Process. A notice of commencement of the Sale Process (the "Notice") will be published in The Globe & Mail and The Wall Street Journal seeking expressions of interest in connection with a potential sale of substantially all of the assets of the Company. The Notice was issued pursuant to the terms of a sale process order of the Ontario Superior Court of Justice (the "Court"). Pursuant to the Sale Process, Houlihan Lokey is soliciting proposals from prospective strategic and financial parties to acquire substantially all of the property, assets and business of Sino-Forest Corporation and its subsidiaries, other than certain excluded assets. Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of tree plantations, the sale of standing timber and wood logs, and the complementary manufacturing of downstream engineered-wood products. The Court also appointed FTI Consulting Canada Inc. as the Monitor of Sino-Forest Corporation and confirmed Houlihan Lokey as its financial advisor. Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of tree plantations, the sale of standing timber and wood logs, and the complementary manufacturing of downstream engineered-wood products.